W. Coast scrap export tags slip on low demand
Sep 20, 2013 | 06:31 PM
| Sean Davidson
NEW YORK West Coast export prices for containerized ferrous scrap have dropped $20 per tonne over the past few weeks due to a decline in finished steel demand in key Far East Asian countries.
Market participants said prices have fallen to a range of $340 to $345 per tonne c.f.r. Taiwan for an 80/20 mix of No. 1 and No. 2 heavy melt scrap, down $20 from the end of August (amm.com, Aug. 29) and as much as $15 below HMS 1&2 (80:20) prices of $355 per tonne that were recorded in the first two weeks of September.....
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